Question

Find the annual installment that will discharge 17200

Answer 1

17200 ÷ 12

= 1433.33333333

Please mark my Answer as BRIANALIEST .......

Answer 2

Explanation:

ANSWER

M = Rs. 4200, n =5, y =1, r =10%, a=?

M=na+

100×y

ra

×

2

n(n−1)

4200=5a+

100×1

10a

×

2

5×(5−1)

6a=4200

a=Rs.700

∴ Annual instalment = Rs. 700.